Cboe Global Markets (BATS:CBOE) Sets New 1-Year High – Should You Buy?

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $194.36 and last traded at $197.06, with a volume of 1780143 shares traded. The stock had previously closed at $193.37.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CBOE shares. Barclays reduced their target price on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada restated a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research report on Monday, November 4th. Oppenheimer raised their target price on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price target for the company from $212.00 to $222.00 in a report on Monday, November 11th. Finally, TD Cowen assumed coverage on shares of Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $211.36.

Cboe Global Markets Price Performance

The company’s 50 day simple moving average is $200.85 and its two-hundred day simple moving average is $201.40. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $21.37 billion, a P/E ratio of 103.88 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. The business had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.06 EPS. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Friedenthal Financial bought a new position in shares of Cboe Global Markets in the third quarter worth about $49,000. Brooklyn Investment Group bought a new position in Cboe Global Markets in the 3rd quarter worth approximately $66,000. Intact Investment Management Inc. acquired a new position in Cboe Global Markets during the 3rd quarter worth $74,000. Washington Trust Advisors Inc. acquired a new position in Cboe Global Markets during the 3rd quarter worth $144,000. Finally, Farther Finance Advisors LLC boosted its position in Cboe Global Markets by 11.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock valued at $159,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.